This week, the focus is on key developments in cryptocurrencies, including macroeconomic updates and significant events affecting altcoins. In the previous week, Bitcoin’s decline was lower than expected, while altcoins saw a greater drop. Investors are eager to know the potential market impacts from July 1st to July 7th.
What major event should you watch? How will macroeconomic changes affect cryptocurrencies? Key insights for investors.
Major events to watch
Macro-economic factors, key unlocks, and altcoin-specific announcements can significantly impact cryptocurrency prices, often leading to fluctuations that affect investors’ risk preferences and market outlooks. To help investors prepare, here are the key events for the following week. Visit NEWSLINKER for the latest tech news.
Starting from Monday, July 1st, significant events include a speech by the President of the European Central Bank at 22:00, announcements by WanChain, and the submission of a 13F report to the U.S. Securities and Exchange Commission, disclosing company ETF holdings. Additionally, noteworthy unlocks such as $50 million worth of SUI tokens and $23.6 million worth of IO tokens are expected.
How will macroeconomic changes affect cryptocurrencies?
On Tuesday, July 2nd, Eurozone inflation data, a speech by Powell, and the U.S. JOTTS report will be released. Wednesday, July 3rd includes several important releases such as Turkey’s CPI, ADP non-farm employment change, and the meeting minutes of the U.S. Federal Open Market Committee. Market activity may decrease on Thursday, July 4th, due to the U.S. holiday.
Key U.S. employment data, including average hourly earnings, non-farm employment, and the unemployment rate, will be released on Friday, July 5th. Furthermore, the Fed’s monetary policy report is expected to be released at 18:00, possibly affecting market sentiment.
Key insights for investors
– Monitor Eurozone inflation data and Powell’s speech on July 2nd for potential market impacts.
– Pay attention to Turkey’s CPI and FOMC meeting minutes on July 3rd for clues on BTC price trends.
– The U.S. employment data released on July 5th might be crucial for cryptocurrency market trends.
On Friday, macroeconomic factors like wage growth and employment data are expected to directly impact Bitcoin prices. Additionally, details in the Fed meeting minutes may provide optimistic insights to boost BTC prices. The SEC receiving 13F forms, demonstrating ETF investment trends, could indicate significant market fluctuations.
You can follow our news on Telegram, Twitter (X), and Coinmarketcap. Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware of the high volatility in cryptocurrencies, which carries risks, and should conduct their own research.
